living trust

noun

Definition of living trust

: a trust that becomes effective during the lifetime of the settlor

called also inter vivos trust

Examples of living trust in a Sentence

Recent Examples on the Web Find any estate planning documents, such as a will or a living trust, to start the process of settling the estate. Liz Weston, oregonlive, "Liz Weston: Financial steps after spouse dies include holding onto assets, even when facing family pressure," 9 Jan. 2021 Contessa Drive 64585: $235,000, Vita Geraci Blair revocable living trust to Leonard H. F. Thoman and Angel C. Thoman. NOLA.com, "St. Tammany property transfers, Nov. 4-9, 2020: See a list of home and other sales," 3 Dec. 2020 Two common examples are when the owner dies and the house title transfers as part of the owner’s estate, and when the owner creates a living trust and transfers the house title into the trust. Dallas News, "Garn-St. Germain: Don’t leave home without it," 22 Nov. 2020 Your living trust should name a successor trustee who can take over managing your affairs if you should become incapacitated or die. Liz Weston, oregonlive, "Liz Weston: Successor trustee should have common sense, integrity," 17 Oct. 2020 Eydie Lane 200: $380,000, Jean Pitre and Marilyn Pitre revocable living trust to Gregory E. Luken and Susan Kay P. Luken. NOLA.com, "St. Tammany property transfers, Sept. 16-29, 2020: See a list of home and other sales," 16 Oct. 2020 Pamela and James Anderson, trustees of the Anderson living trust, sold the home. Ebony Day, The Arizona Republic, "Scottsdale estate with climate-controlled 3-car garage sells for $2.7M," 5 Oct. 2020 Pearl Acres subdivision, lots 4-A, 4-B, 4-C, 5-A, square 27: $54,000, Jane Street Gorden, Edward M. Street and Nanette M. Street revocable living trust to Ibuild LLC. NOLA.com, "St. Tammany property transfers, Sept. 9-15, 2020: See a list of home and other sales," 1 Oct. 2020 Camron Drive 1705: $238,000, Bordelon Joint revocable living trust to Clayton J. Dutruch and Sandra K. Dutruch. NOLA.com, "St. Tammany property transfers, Sept. 9-22, 2020: See a list of home and other sales," 8 Oct. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'living trust.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of living trust

1913, in the meaning defined above

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Time Traveler for living trust

Time Traveler

The first known use of living trust was in 1913

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Statistics for living trust

Last Updated

21 Jan 2021

Cite this Entry

“Living trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/living%20trust. Accessed 6 Mar. 2021.

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More Definitions for living trust

living trust

Legal Definition of living trust

— see trust

More from Merriam-Webster on living trust

Britannica.com: Encyclopedia article about living trust

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